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Drumheller RCMP warn public of “gifting cloud” scheme

Jul 18, 2018 | 6:40 AM

DRUMHELLER- RCMP are warning the public about a recent increase in local women being invited to attend ‘gifting cloud’ or ‘pay-it-forward cloud’ events, also known as ‘gifting circles’.

The concept re-emerges every few years, frequently changing names due to the stigmas that are associated to the previous scheme.

The clouds essentially promise that if you invest a sum of $5000 and recruit two to six more people who are willing to invest, you will receive a ‘gift’ of $40000 somewhere between 4 month and 1 year later.

The language used is designed to make the women (and occasionally men) believe that it’s a ‘community’ which helps people be financially independent and/or contribute to society in a positive way, they will be made to feel important, being told that it is an anonymous, invite only event.